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Dow

By: Decomposed in 6TH POPE | Recommend this post (0)
Thu, 28 May 20 5:56 PM | 22 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 00818 of 60014
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On March 12th, I posted that I'd moved 20% of my bond funds into stock funds. Just 20%, but it was a good chunk of my money. On March 23rd, I posted that I'd made a big mistake. I think I was down about 15% at that point... a painful eleven day plummet. But you don't really lose [or win] until you sell, right? And all's well that ends well.

Today, I exited the stock funds, putting the money back into bond funds. I made just about exactly 20% in 2½ months. What a WILD ride.

At this point, I think there's little chance that the Dow will rise much more. After all that's happened, it's only down 4,000 points? That's nuts. I think the long-term economic implications of the shutdown and turmoil from our shattered relationship with China (a good thing in the long run, imo) will soon manifest themselves. And let's not forget the virus. I don't think it's had its final say. Not by a long shot.







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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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